Posted on: 27th Dec, 2011 12:05 am
Can you please let me know if it is possible to have two current residential mortgages? Can I apply for a new residential mortgage if I'm already on other loan?
As far as I know, if you have the required credit score and income, you will be able to get two current residential mortgages. I don't think you'll face any issues in getting the loans.
You can have as many residential loans open at any time that you can qualify for. You may be asking if you can have more than one Primary, or Owner Occupied residential mortgage at one time. No you can not. You can only have one primary or owner occupied loans at a time. You can have a primary home, then a second home, or any number of investment property loans. Good luck
